Gartner, Inc. $IT Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its holdings in shares of Gartner, Inc. (NYSE:IT) by 5.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,173 shares of the information technology services provider’s stock after selling 1,250 shares during the period. Hantz Financial Services Inc.’s holdings in Gartner were worth $8,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Applied Finance Capital Management LLC increased its holdings in shares of Gartner by 1.5% during the first quarter. Applied Finance Capital Management LLC now owns 1,945 shares of the information technology services provider’s stock valued at $816,000 after acquiring an additional 29 shares in the last quarter. Allworth Financial LP increased its stake in Gartner by 5.6% during the 1st quarter. Allworth Financial LP now owns 562 shares of the information technology services provider’s stock valued at $235,000 after purchasing an additional 30 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Gartner by 1.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,725 shares of the information technology services provider’s stock valued at $697,000 after purchasing an additional 31 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Gartner by 2.6% during the 2nd quarter. Verdence Capital Advisors LLC now owns 1,333 shares of the information technology services provider’s stock valued at $539,000 after purchasing an additional 34 shares in the last quarter. Finally, Resonant Capital Advisors LLC increased its position in shares of Gartner by 1.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 2,324 shares of the information technology services provider’s stock valued at $975,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 91.51% of the company’s stock.

Insider Transactions at Gartner

In other news, SVP John J. Rinello sold 105 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $249.71, for a total transaction of $26,219.55. Following the sale, the senior vice president directly owned 3,225 shares in the company, valued at $805,314.75. This trade represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jose M. Gutierrez acquired 417 shares of the company’s stock in a transaction on Monday, August 18th. The stock was acquired at an average cost of $239.80 per share, for a total transaction of $99,996.60. Following the completion of the acquisition, the director owned 2,080 shares of the company’s stock, valued at $498,784. This trade represents a 25.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IT shares. Truist Financial began coverage on Gartner in a research report on Thursday, October 16th. They issued a “buy” rating and a $300.00 target price on the stock. Wolfe Research began coverage on Gartner in a report on Wednesday, September 3rd. They issued a “peer perform” rating on the stock. Weiss Ratings downgraded shares of Gartner from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. William Blair reiterated an “outperform” rating on shares of Gartner in a report on Tuesday, October 21st. Finally, Barclays set a $270.00 price target on shares of Gartner and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Gartner currently has a consensus rating of “Hold” and an average target price of $346.80.

Gartner Price Performance

Shares of NYSE IT opened at $248.28 on Friday. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 15.28 and a beta of 1.20. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50 day simple moving average is $249.47 and its 200-day simple moving average is $335.90. Gartner, Inc. has a 12 month low of $223.65 and a 12 month high of $584.01.

Gartner (NYSE:IT) last released its quarterly earnings results on Tuesday, August 5th. The information technology services provider reported $3.53 EPS for the quarter, beating the consensus estimate of $3.38 by $0.15. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.68 billion. Gartner had a net margin of 19.71% and a return on equity of 82.63%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $3.22 earnings per share. Gartner has set its FY 2025 guidance at 11.750- EPS. Analysts expect that Gartner, Inc. will post 12.5 EPS for the current year.

About Gartner

Gartner, Inc operates as a research and advisory company in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Conferences, and Consulting. The Research segment delivers its research primarily through a subscription service that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts.